Bajaj Finance drops nearly 5% amid analyst concerns over MSME asset quality

Bajaj Finance shares experienced a 4.7% drop on Friday due to analysts' concerns about asset quality pressures within the MSME sector following the first-quarter results. JP Morgan anticipates potential negative earnings revisions stemming from downside risks to growth guidance and emerging stress in the MSME portfolio. UBS's price target even suggests a possible downside of 18%.